Kien Giang chooses investor for international passenger port
The Mekong Delta province of Kien Giang has announced its investor for the development of the build-operate-transfer (BOT) portion of the Phu Quoc international passenger port.
The Mekong Delta province of Kien Giang has announced its investor forthe development of the build-operate-transfer (BOT) portion of the PhuQuoc international passenger port.
The Phu QuocInvestment and Development Joint Stock Company was chosen to develop theproject component, which is expected to cost 493 billion VND (22.8million USD).
According to the provincialPeople’s Committee, negotiations on the project’s specific terms andcontents will begin this month.
According to theproject approved by the province, the port will have a total investmentof 1.64 trillion VND (76 million USD) with the remaining 1.15 trillionVND, or 70 percent, sourced from the State and local budget.
The port will be built at Duong Dong, the main town on Vietnam’slargest and southernmost island, and cover 180 hectares, 176.5 hectaresof which are sea surface.
It is scheduled to be completed in 2017 and will be able to accommodate cruise ships with up to 225,000 gross tonnage.-VNA
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